Control Of China Fund Site Changes Hands Among Jack Ma-backed Companies

Zhejiang Ant Small and Micro Financial Services Group, the financial services affiliate of Chinese e-commerce billionaire Jack Ma's Alibaba Group, will buy a 61% stake in an online investment fund information website in which Ma is also an investor. Unlisted Ant will pay 198.7 million yuan, or $32 million, for 61% [...]

 

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